When you are borrowing money with compound interest, what should you be looking at? Do you look at the advertised interest rate or what you end up paying when your loan matures? Also, if you are lending money, are you actually receiving the quoted interest?

What about inflation and taxes that you may be paying on your interest income?

Answer rating: 100% (QA)

When borrowing money with compound interest it is important to look at both the advertised interest ... View the full answer